A North Charleston shopping center recently sold for $22.4 million, according to a news release.
North Charleston developers SC North Charleston CPD 2G-1B LLC sold The Shoppes at Centre Pointe retail center, located at 4956 and 4960 Centre Pointe Drive, to Rose FP LLC, based in Hoffman Estates, Ill., the news release said.
The 112,302-square-foot center, which was completed this year, sits on 8.48 acres and was fully leased at the time of sale to Field & Stream, Conn’s HomePlus and La-Z-Boy, according to the news release.
“The area boasts a population of 120,739 within five miles, as well as 77,536 daytime employees,” Marc Bonilla, vice president of Colliers International in Phoenix, said in the news release. Bonilla represented Rose FP LLC in the transaction. “We see huge, immediate upside for the area and are forecasting enormous, highly sustainable growth for the Centre Pointe area.”
The seller was represented by Joey Odom, director of Stan Johnson Co.